Topic: new asic block erupter cube spotted (Read 8430 times)

For the same reason people are buying Monarch's.  New minute.  Suckers born.


Hello AM employee / reseller.

These will be the same chips used in all their old products. It is like using a 286 instead of an I7. Why anyone would buy this shit is beyond me.

Being honest much I would say.  People talk about AM like the greatest thing since sliced bread, however their products have always been priced over a reasonable ROI and quite frankly they aren't really bringing much to the table. 

Waiting to see the next offer of overpriced equipment from AM/custom BitFury/etc.  Otherwise the cube, as-advertised above, is a joke.  30GH is basically meaningless in this market.  Quite frankly, what we really need is a shipping vendor who charges USD/fiat for hardware so people can make reasonable calculations about the price versus BTC-price insanity to see if they feel the investment is worth the return.  Charging 2BTC for something that mathematically will never produce 2BTC (not to mention power costs, which are fiat) is just stupid and anyone who buys one is...

30gh/S 1.99BTC 

Overpriced!! jesus!

Bitter much?

Why do people suck on friedcat's nuts so much?  You know he will price these things just out of your reach like he did with blades and usb sticks.

He would rather keep them and mine for himself than give them away for too low of a price.  At least when I was selling my BFL's I was nice to people helping them try to ROI and resell for themselves.

Was I the only person to go to that sight and have my spidey sense go off like an epileptic in an iMax Anime theater? Admitedly anything that says preorder these days feels dirtier somehow (with a few exceptions i.e. trezor). This was just my gut reaction but I thought these guys might be after identities.

As far as mining vs buying there is more to it then simply I have 10 btc I can make 9 btc if I spend it. Tax incentives for one, you can write off the cost of the miner, which is nice. Mining has many benefits, Sure there's risk, but the act of mining actually helps support the value of bitcoin (no miners = bad, or so the rumor goes). If you don't understand the enjoyment in taking part of something like a decentralized crypto-based currency then why are you mining? People who discourage mining are missing the basic point of bitcoin, if we don't participate all of our investment, hardware or btc becomes worthless. I would agree with the btc-roi when looking at cloud mining however, as that just seems like adding additional risk onto investing in bitcoin (hardware failure\company failure etc).


Or maybe bfl\other asic manufacturers world domination will be a healthy thing for the block chain.


If they are after id's here is one for free
Jerry Bergshireski
112 4th Street
Beverly Hills California, 90210
ss - 122 32 6496
dob 03/06/66
(this is a made up identity used for humor, any similarity to jerry bingham at 111 4th st in BeverlyHills is purely accidental)

Would like to see a picture of what a cube looks like.

Maybe with the increase in value of BTC, these cubes maybe sold for less than currently advertised by the time they are ready to be sold.

Ya thinking of getting one....certainly a gamble....was wondering though, does anyone have a guess on the power draw of the cube? Is 120W a reasonable assumption?

edit: found my own answer, it is estimated to be 120w

Would you like someone to write up a piece of code that does nothing more than update the screen with fictitious mining data?  You tell it how fast you want to "mine," and it will simulate that screen on your PC.  If that is entertainment for you, I'm sure someone could even put together an Android or iOS version of this same app.  You could watch the numbers pile up on your fictitious mining rig even while you're away from home. 

Without spending anything at all!

I had a look at this box...

Assuming a BTC of 2 (coins) cost (say $450 USD or CDN) and a 30% jump per period and they don't deliver for one more difficulty jump period (Say November 15th delivery +- a bit) and BTC goes up 5% per jump etc....

Current jump == 510 / 390 ~ 1.30 or 30% jump ....

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=390928787.63809&dcosts=450&diff_mincrease=30&blpbtc=25&dhsmhs=38000&diff_mincreasedecrease=0.1&btcusd=230&dpowcon=120&btcusd_mincrease=5&pcost=0.15&calcweeks=40&dleadtime=1&action=calc#

Then maybe on about March 17th 2014 you could get your money back...

Lots of assumptions of mining profitability (BTC value) going up -- but maybe -- jut maybe... or maybe not.

Cheers

one good shot of a semi decent alt coin mined early or at low diff  can really make roi  reachable. Theres a flood of sha-alts some will do decent i expect. Its a gamble but the payoff can be huge.

Im partial to TEKcoin because its my project and i know whats in store for it from my end, also the pub support is growing daily and is gathering devs from out of the blue throwing their talents at TEK.

But for some of us, mining is a lot more fun and the money not returned pays for lots and lots of entertainment. I'm considering getting a cube just to see what I can do with, and more specifically to, it to get it running better.

This is why ASIC companies are still so successful at selling devices with a negative ROI.

BTC can go to a bazillion for all it matters, that doesn't mean it is a good idea to spend 1 BTC worth of fiat on a device that will return you an estimated 0.7 BTC. If you need BTC appreciation to break even on a miner you would make more money by not mining but buying the bloody BTC.

I've never seen so many people get stuck in an apparent paradox. It's Monty Hall all over again.

Then let's run the numbers.

Right now we have an estimate this will be available to ship November 14th, this assumes it is in the hands on resellers/"group buy" organizers, etc.  With lead time like that and no apparent details I'll safely assume you're looking more at the end of November to have this in-hand.  If so, at the current price of 1.99BTC the value of this for someone who doesn't have BTC and wants to buy one is ~$480 as of market conditions this morning.  

If you start with USD, your only hope is that this sucker produces as expected by any traditional calculator and that BTC goes up by at least another 30% or more to make it ROI per the fiat originally used for the purchase.  Alternatively, buy the 1.99BTC and hold since the unit will never produce that much BTC before you're paying more in power than the unit is producing, at which case, still, buying would get you 1.99BTC today and you don't have to get involved in that waiting/speculation game.

If you start with BTC, you are doing the old "Here's 1.99BTC, hopefully I'll get back 1.5BTC of that!".  In that case, if you have BTC it is better to hold the BTC, otherwise you're basically donating to FriendCat and whichever reseller you're purchasing from.

That's what people need to get through their thick heads.

Not worth the price... end of story

This is rubbish due to one variable - BTC price. 

Why can't people get that fact in to their thick heads?

Link is not working for me.

If it costs more than $87, you'll never get your money back.